Big business is on the rise in the US and in other developed economies. It has become ever more common that local mom and pop shops are run out of business by corporate goliaths that are able to flex their expansive resources and economies of scale to undercut their smaller competitors’ prices. In Latin America, this is not the case. In these emerging economies, you can still find many local family-run businesses lining the street corners, relatively unperturbed by major corporate competitors.